Singapore digest news (21.02 - 25.02)

Photo by Anna Smirnova

7 Digital Transformation Trends for 2022
According to a report for BCG, over 80% of managers say that digital transformation has helped their business counteract the slowdown due to the ongoing pandemic. So, organisations need to have first-hand experience with the current digital changes, but before that, organisations need to identify the top digital transformations that are going to help their business grow at a rapid pace in 2022.

Russian wines presented in Singapore
A presentation of Abrau-Durso wines for experts and sommeliers was held in Singapore. The wines received high praise and positive feedback from experts. The Trade Representation of the Russian Federation in Singapore plans to expand its sales market.

Scientists in Singapore have developed a new self-cleaning coating that prevents plastic optics from fogging
Scientists at Nanyang Technological University have developed a new type of coating that, when applied to plastic surfaces, such as lenses for spectacles or photographic lenses, prevents fogging and is capable of self-cleaning, eliminating the need for re-application.

Singapore to raise carbon tax to $59 per tonne by 2030 - Finance Minister
Singapore's government will gradually raise the carbon tax to S$80 ($59.6) per tonne by 2030, Finance Minister Lawrence Vaughan said on Friday in the current year's Budget. The announcement was made by Finance Minister Lawrence Vaughan on Friday when he addressed Parliament with this year's budget.
"Singapore's ambition to achieve zero emissions requires an increase in the tax," the minister pointed out. It currently stands at S$5 ($3.6). "Starting in 2024, it will increase fivefold, by 2027 it will be 10 to 10 times, and by 2030 it will reach S$80," Vaughan said.

Singapore announces $372 million labour market support package
Singapore's Finance Minister Lawrence Wong announced on Friday a S$500 million ($372 million) package of support for jobs and businesses in budget proposals, as well as a special targeting of the country's aviation sector.
During Singapore's pandemic over the past 2 years, the government has allocated about S$100 billion to protect its people, businesses and economy from the effects of the COVID-19 virus.